Advice on Building a Budget-Friendly Home Theater Setup

Hello Everyone,

I'm new to the world of home theater setups and would greatly appreciate your guidance. I've always dreamed of creating a cozy space for watching movies, enjoying TV shows, and gaming, but I'm working with a limited budget of around $1,500.

Here's what I'm looking to achieve:

1. Audio : I want a surround sound system that enhances the experience without being overwhelming. Are there any budget-friendly 5.1 systems you recommend? Would soundbars with subwoofers be a good alternative?
2. Visuals : I'm planning to purchase a TV, but I'm between a mid-range 4K LED and a budget OLED. What would be the best option for a medium-sized room with controlled lighting?
3. Room Setup : The space I'm working with is 12x15 feet, and I'd love some tips on how to arrange furniture and optimize the acoustics.
4. Streaming & Gaming : Are there specific streaming devices or gaming consoles that integrate well with a home theater system at this price point?

Additionally, I'm open to pre-owned or refurbished equipment if it offers good value. If anyone has recommendations for brands, models, or retailers to check out, that would be amazing.

Lastly, I'd love to hear about any common pitfalls or mistakes to avoid when setting up a home theater for the first time. Your pyhton certification course expertise and insights would mean a lot as I embark on this project.

Thank you all in advance for your help! Looking forward to learning from this wonderful community.